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Day: March 27, 2024

The History of Buyer Representation

Buyer representation, also known as buyer agency, has evolved significantly over the past few decades. The concept was formally introduced and gained prominence in the real estate industry in the late 1980s and early 1990s. Before this period, real estate agents typically worked in the interest of sellers, with all agents in a transaction effectively …

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Understanding the NAR Settlement: Its Impact on Real Estate Commissions & Industry Practices: 8 Myths!

In a significant development this month, the National Association of Realtors (NAR) agreed to a settlement in the class-action lawsuit known as Sitzer | Burnett, pending judicial approval. This lawsuit centered on the practice in U.S. residential real estate transactions, where sellers hire an agent for a fee to represent their interests. In turn, the …

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